TriGranit has done a deal with Heitman European Property Partners IV under which both sides will own 50% of Arena Centar Shopping Center in Zagreb. The 60,000 sqm mall opened in November last year, and is currently 95% leased. It’s being hailed as the largest transaction in the region, and while no figure was released in the announcement, TriGranit’s CEO Árpád Török claimed at the center’s opening that it represented a total investment of €350m (the total for this transaction however appears to have been somewhat lower).
The top retailers in the mall are in the usual suspects list for the region, including Zara, Gap, Apple Stores, Esprit, and Swarovski. Heitman was represented by Cushman & Wakefield in the transaction.